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U.S. Commerce Secretary Howard Lutnick announced Bitcoin now has federal backing as a strategic commodity. Under Trump’s administration, Bitcoin is set to be part of national reserves and mining policy, signaling a major shift in U.S. crypto regulation and economic strategy.
In a significant shift, the US government has reclassified cryptocurrency regulations during the first 100 days of Donald Trump's presidency. According to Howard Lutnick, U.S. Secretary of Commerce, the Administration has officially recognized Bitcoin as a strategic commodity, marking a dramatic departure from the previous administration's stance.
Lutnick's statements to Bitcoin Magazine underscore a coordinated effort to establish a federal Bitcoin reserve, highlighting Bitcoin's finite supply, transparency, and decentralized control as key factors in its classification.
Lutnick revealed that the Bureau of Economic Analysis is actively assessing the inclusion of Bitcoin in the United States’ national economic statistics. Including Bitcoin reserves alongside traditional assets such as bullion would improve the national investment position and trade metrics assessment.
He emphasized the importance of including Bitcoin in official government reports, as it supports the modernization of financial data practices in the country. While specific figures and custody arrangements were not disclosed, Lutnick indicated that announcements would be made through the appropriate official channels.
The Secretary reiterated that the Trump administration views Bitcoin as not a speculative asset, but rather an integral part of America’s economic framework. This perspective could lead to regulatory clarity and increased institutional participation in the sector.
The Commerce Department has launched an Investment Accelerator program to support projects exceeding $1 billion, with a strong emphasis on Bitcoin mining infrastructure. Lutnick explained that the initiative allows eligible firms, including crypto miners, to receive direct government support in navigating permits and operational requirements.
He encouraged Bitcoin mining operations to establish facilities near stranded energy assets, such as gas fields. This model would enable them to produce electricity independently of the grid, decrease costs, and reduce the strain on public power networks. According to Lutnick, this operational design has the potential to increase Bitcoin mining operations significantly.
At the time of writing, Bitcoin was trading at $94,350, reinforcing its status as a valuable financial instrument within the U.S. economy.
